Pop Mart CEO Wang Ning Surpasses Bezos, Thiel with $27.5B Fortune

Wang Ning, CEO of Chinese toymaker Pop Mart, has seen his net worth soar by approximately $20 billion in 2025, reaching an estimated $27.5 billion and surpassing billionaires like Peter Thiel. This rapid wealth increase is driven by the viral popularity of Pop Mart's Labubu dolls, which are part of the successful Monsters collection responsible for a significant portion of the company's revenue. Pop Mart's stock price has surged over 250% this year, fueled by strong sales that tripled first-half revenues to about $1.9 billion and dramatically increased operating profits. Wang's nearly 50% stake in the company has propelled him from 400th to 79th on Bloomberg's rich list, outpacing notable names such as Jeff Bezos, Warren Buffett, and Michael Dell. Unlike many other billionaires who gained wealth through AI and tech sectors, Wang's fortune stems from the toy industry, highlighting the unique commercial success of Pop Mart. The company continues to expand its product line with new Labubu keychains, maintaining the brand's viral momentum.